��������Ƶ

How is Perishable goods defined in a legal contract?

• Perishable goods means property maintained under certain conditions for its preservation, and at risk for damage if these conditions change. Seen in 69 SEC filings.
• Perishable goods means items that are likely to deteriorate in quality or value, this includes but is not limited to forms of produce and other food items. Seen in 35 SEC filings.
• Perishable goods means any goods that are at risk of waste, deterioration or spoilage. This includes fruits, vegetables, dairy products, meats, and animals. Seen in 31 SEC filings.
• Perishable goods means preserved stock maintained under controlled conditions that's susceptible to damage if those conditions change. Seen in 20 SEC filings.
• Perishable goods means goods susceptible to rapid deterioration, especially including various kinds of produce and meats among others. Seen in 20 SEC filings.
• Perishable goods means goods of a perishable nature and includes goods that require temperature control or goods with a short shelf life. Seen in 19 SEC filings.
• Perishable goods means goods that rapidly decay due to their natural characteristics, particularly in the absence of appropriate storage conditions. Seen in 17 SEC filings.

Note: pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

yourself to verify these results. We are always keen to point people to source documents.

‍

Which definition should you use?

🤔 has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

‍

Genie Definition 1

• Perishable goods means items at risk of deterioration under specific conditions.

Relevant Contract Types

• Food Service Management Agreements
• Distribution Agreements
• Supply Agreements

Relevant Circumstances

• Purchase and delivery of goods involving produce, dairy, or meat
• Storage and transportation of goods requiring specific environmental conditions
• Establishing liability for spoilage or waste during transportation or storage

Relevant Sectors

• Food and Beverage
• Retail
• Transportation and Logistics

‍

Genie Definition 2

• Perishable goods means goods prone to spoilage without appropriate storage.

Relevant Contract Types

• Warehouse Storage Agreements
• Commercial Lease Agreements

Relevant Circumstances

• Lease of commercial spaces with specific storage requirements
• Operational parameters for warehouses or storage facilities

Relevant Sectors

• Real Estate
• Logistics and Warehouse
• Food and Beverage

‍